Model Development Actuary

Emerald Group
Up to £120,000 + Benefits
19 Oct 2018
19 Nov 2018
Contract Type
Full Time

Consultant Name: Robert Gibson

Telephone Number: +44 (0)203 867 9858

Email Address:

Key Responsibilities:

  • Ensure the RAFM model is kept up to date, with problems and issues dealt with as they arise (this includes keeping up to date with wider market developments around actuarial IT)
  • Look for ways to optimize the RAFM model when possible
  • Manage developments to RAFM, ensuring that they are robustly tested and documented as per the company’s change policies and procedures
  • Ensure the company’s RAFM model is updated to new versions of RAFM as they are released and as required and where appropriate RAFM’s new functionality is made use of
  • Explain how RAFM works as required
  • Provide input into other IT developments carried out by the Finance Actuarial team
  • Work with the other teams in Finance actuarial to identify and implement process improvements whenever possible
  • Act as point of contact to their IFRS 17 programme, assisting in specifying and managing the implementation of the requirements that are identified

Qualifications/ Experience:

  • Qualified actuary (Fellow of the Institute & Faculty of Actuaries or similar)
  • Financial modelling experience in a UK life insurance reporting environment
  • Expert RAFM system development skills
  • Process improvement experience, including knowledge of market offerings in the workflow space
  • Knowledge and understanding of UK life insurance regulation, legal and industry requirements
  • Understanding of software development standards and practices
  • Understanding of PIC’s specific RAFM model
  • Understanding of business processes, policies and procedures
  • Practical knowledge of IT infrastructure
  • Understanding of UK DB pensions and bulk annuities
  • Understanding of UK financial reporting methodologies, including IFRS 17

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